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Central Depository Services (India) Ltd. (CDSL) is an Indian central securities depository, founded in 1999. [3] CDSL is the largest depository in India in terms of number of demat accounts opened. In February, CDSL became the first depository in India to open 60 million active demat accounts. [4]
It was established in August 1996 as the first electronic securities depository in India with national coverage. [2] It was established based on a suggestion by a national institution responsible for the economic development of India. At the end of 2023, its demat accounts held assets worth ₹398 Lakh Crore ($4.7 trillion). [3] [4] [5] [6]
A demat account is an Indian term for a dematerialized account that holds financial securities (equity or debt) digitally for traded shares in the share market. In India, demat accounts are maintained by two depository organizations: the National Securities Depository Limited and the Central Depository Services Limited .
Currently there are two depositories operational in India. National Securities Depository Limited - NSDL - Having 2 crores Demat A/c as on 30-06-2020 [3] Central Depository Services Limited - CDSL - Having 2.3 crores Demat A/c as on 30-06-2020 [4]
Stock Holding Corporation of India Limited (SHCIL) is an Indian custodian and depository participant, based in Navi Mumbai, Maharashtra. [2] SHCIL was established in 1986 as a public limited company and is a subsidiary of IFCI .
U.S. President-elect Donald Trump refused on Tuesday to rule out using military or economic action to pursue acquisition of the Panama Canal and Greenland, part of a broader expansionist agenda he ...
It is one of India’s largest retail broking houses with over 1 million customers and a pan-India presence at more than 1,700 locations. [2] The company is a corporate member of both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), and provides access to equities, derivatives, IPO's, mutual funds, bonds and corporate FDs. [3]
Elon Musk and Vivek Ramaswamy—two billionaire entrepreneurs and new Trump administration advisors—are making bold promises. Namely: This week, the duo told Congress that through their advisory ...